Finance News
By Sydney TheCMO
1 / 15
China has ramped up its war against cryptocurrencies by banning companies, businesses, and other types of institutions from offering cryptocurrency-related services.
2 / 15
The Asian country revealed its stance against cryptocurrencies in 2017 when it banned crypto exchanges.
3 / 15
For example, Bitcoin hit an ATH of $64,805 on April 14. ETH, the Ethereum network’s native cryptocurrency and the second most popular cryptocurrency, reached an ATH of $4,300 on…
4 / 15
What does China’s latest ban mean for the crypto community?
5 / 15
For starters, China is still anti-cryptocurrencies, and the latest ban means no businesses in China can legally conduct or facilitate any cryptocurrency-related business or…
6 / 15
Crypto enthusiasts in the Asian country will now find it harder to participate in the crypto market, courtesy of the expanded new rules against cryptocurrencies.
7 / 15
A recent statement from China noted that the cryptocurrency market has been highly volatile and that it has been disrupting regular economic activities while also putting…
8 / 15
China’s crypto ban fuels extended bearish market
9 / 15
The cryptocurrency market enjoyed robust gains in the past few weeks, but recent shakeups have fueled the bearish sentiments.
10 / 15
Understanding China’s aggressive stance against cryptocurrencies
11 / 15
The 2021 cryptocurrency bull market made it abundantly clear that cryptocurrencies are here to stay and that they cannot be stopped.
12 / 15
China views cryptocurrencies as a threat to its iron grip on the financial system. Some analysts think that this is the real reason why China is so anti-crypto.
13 / 15
Did China’s crypto ban just trigger the next crypto market crash?
14 / 15
The cryptocurrency market is currently in the red due to the massive sell-off triggered by the news of China’s new crypto ban.
15 / 15
The involvement of institutions may cushion the market from further decline, but more negative news may encourage more selling.
The Currency Analytics
Want the full story?